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Bolivarian Alliance for the Peoples of Our America

...national capital—was created in 2008 to channel money to development projects throughout the region. Moreover, in 2009 the leaders of ALBA agreed to create a regional electronic currency, the
sucre, to reduce the use of the U.S. dollar among ALBA countries. (The currency’s name was both an abbreviation of Sistema Único de Compensación Regional [Unified System of Regional...